Shedding lines and Merino lambs up in prices
In respect to prices, shedding lines finished the week up $13/head, at $239, while Merino wether lambs were up $1 on last week, at $141, while crossbreds were steady at $166/head.
Sheep
Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
Buyer confidence in lamb market refreshed by rain
The online market for sheep and lambs was slightly softer last week, as some good rain through the south east reportedly refreshed buyer confidence, but also renewed seller expectations.
Crossbred lambs up while first cross ewe lambs fall
With the first substantial rain since late March forecast for next week, restocker demand may rebound, with confidence also boosted by this week’s favorable three-month rainfall outlook from the Bureau of Meteorology.
Australian wool production bounces back
The national wool offering increased to 50,836 bales last week at physical selling centres, with prices also rising.
Crossbred and composite lamb prices slip back by $40
The largest decline in the lamb categories for the week was for the crossbred and composite/other categories, which slipped back $40 and $31/head, respectively.
Chinese and European buying interest in finer micron wools
With seasonal changes and wet conditions on the way, it will be interesting to see the affect shearing rates and storage ability has on the market in coming weeks.
Solid support returns for finer micron wool
The offering was met with a softer market throughout the week as the AWEX Eastern Market Indicator lost 7c/kg on Tuesday and a further 8c/kg on Wednesday, to close the week at 1291c/kg or 996c/kg in US dollars.
Fall in prices for all joined ewe categories
Lamb prices last week are largely weaker on late March, with first cross ewe lambs, Merino ewe lambs and shedding lambs down $21, $19 and $33/head.
Influence of genetics on sheep industry webinar this week
Sheep producers have the opportunity to learn how to utilise genetic selection in their sheep flock to increase efficiency of genetic gain during a webinar tomorrow hosted by North West Local Land Services, in collaboration with Central West Local Land Services.
UK grants exemption to Aussie shearers to work
The United Kingdom has granted Australian and New Zealand shearers an exemption to travel for work and support a shearing labour shortage and it will be interesting to see if Australian shearers take up the offer.
Robust clearance rates for Merino ewe and wether lambs
Crossbred lambs were steady last week, at $168/head, with a 91% clearance rate for the 3,685 head offered on AuctionsPlus.
Australian White ewe lambs in demand at $449
After the previous week’s higher market, prices movements last week were varied, with falls for the largest lines of Merino wether and crossbred lambs, while SIL first cross ewes averaged $52/head higher.
